1004 Robins RdHiawatha, IA 52233

For Sale
$1,173,913

High-Yield NNN Lease, Iowa

Overview

Added:
Dec 11, 2024
Days on market:
90
This exceptional investment opportunity presents a brand-new, 15-year absolute NNN lease for a freestanding Scooter's Coffee in Hiawatha, Iowa. Located at 1004 Robins Rd, 52233, this 600 square foot building sits on a 0.77-acre lot and boasts a 6.90% cap rate with a strong $81,000 annual net operating income (NOI). Built in 2022, the property benefits from a 100% occupancy rate and features built-in rent bumps of 10% every five years, providing inflation protection. The lease includes four 5-year renewal options, ensuring long-term stability. This fee-simple ownership offers a secure investment in a well-established, high-profile quick-service restaurant brand with significant growth potential. The property's strategic location in a densely populated area with excellent visibility and accessibility makes it an ideal location for this popular coffee chain. The asking price is $1,173,913. This sale-leaseback transaction offers a compelling combination of immediate income and future appreciation potential. The property's strong tenant, built-in rent increases, and long-term lease make it an attractive investment for discerning buyers seeking a stable and high-yielding asset.

Highlights

  • Brand new 15-year absolute net lease.
  • 10% rent increases every five years.
  • Fee simple ownership.
  • Strong national brand with significant growth potential.
  • Ideal quick-service restaurant model for contactless dining.

Property Details for 1004 Robins Rd

Property type
Other retail properties, Individual retail properties
Square Feet
600 SF
Year Built
2022
Lot Size (sq. ft)
33,541 SF

Location Insight

City
Hiawatha
County
Linn
State
Iowa
Latitude
42.04839774
Longitude
-91.67289828
1004 Robins Rd, Hiawatha, Iowa

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1004 Robins Rd
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